What past delegates say?

"Very good overview of the CRS regulation and reporting requirements."

Assistant Company Secretary, Aberdeen Asset Management

"Very useful and resourceful."

Compliance Manager, Zen Fund Management, Shanghai 

"Very good - enjoyable and useful."

Manager, Margetts Fund Management

 

CRS - Common Reporting Standard

Register Now

4 Jul 2017 London

Early Bird price until 31 May £825 +VAT. Regular price £950 + VAT. Group discount: 10% discount for 3 people.

Course Description

The introduction of US FATCA in 2010 saw a clamp down on US citizens evading tax, an initiative that was to change the face of the fight on financial crime. It triggered similar actions on a global level and in particularly the introduction of Common Reporting Standard (CRS) by the OECD, a wider global tax transparency initiative. 

In February 2014, G20 finance ministers and governors endorsed the CRS as the new global standard for the Automatic Exchange of Information (AEoI) - an agreement to share information on residents' assets and incomes. CRS employed a bigger part of the existing FATCA model but with a far more ambitious reach.

This practical 1 day course conducted by an experienced City practitioner will give you a thorough understanding of the Common Reporting Standard reporting requirements and will help you determine the most effective ways of complying with this regulation. From identifying reportable accounts and conducting due diligence to setting up reporting framework and data management challenges. You will gain all the tools to set up and manage CRS within your organisation. 
 
A multiple choice test will be perfomed at the end of the course to consolidate and check participants' knowledge. 

What Will You Learn

  • Understand the scope and impact of CRS reporting
  • Differences and similarities between different reporting standards
  • Learn about customer identification and classification 
  • Learn the best practices in complying with AEI / CRS
  • Implementation of the CRS framework 
  • The best reporting practices
  • Data Standards and Importance of Reference Data
  • Implementation challenges and key success factors 

 

Book also for one of the courses below at the same time and save additional £100! (in total, not per course)

Main Topics Covered During This Training

  • Background to the CRS reporting requirements
  • Impact of CRS on the Financial Services Industry
  • Scope of the CRS reporting
  • Review and comparison with other similar regulations (CDOT, FATCA, DAC)
  • Review of financial accounts in scope and exemptions
  • Identifying reportable accounts
  • Customer identification and classification process
  • Due diligence process 
  • Creating Rulemap
  • Best practices in working with and complying with CRS requirements
  • Governance - roles & responsibilities
  • Reporting solutions considerations
  • Key parameters for decision making
  • Business model consideration
  • Data standards and Importance of reference data
  • Project setup, milestones, attention points
  • Controls over CRS reporting
  • Key Success factor for delivering CRS 
  • CRS implementation challenges

Who Should Attend

Everyone with responsibilities of:  

  • FATCA
  • Regulatory reporting and compliance
  • Tax (operational)
  • KYC/AML
  • Legal
  • IT
  • Project management
  • Data protection
Register Now

4 Jul 2017 London

Early Bird price until 31 May £825 +VAT. Regular price £950 + VAT. Group discount: 10% discount for 3 people.

CRS - Common Reporting Standard Workshop

9.15 a.m. - Course starts

Background to the CRS reporting requirements

  • Why CRS was created and the reasoning in establishing the requirements
  • How CRS impacts the Financial Services Industry
  • Scope of CRS reporting
  • Review of other AEI regimes FATCA (US Foreign Account Tax Compliance ACT), CDOT (Crown Dependencies and Gibraltar Regulations) and DAC (EU Directive on Administrative Cooperation in Tax Matters)
  • Reporting Timelines across AEI Initiatives and how they compare
 
CRS Reporting 
 
  • Scope of CRS reporting
  • Review of financial accounts in scope and exemptions
  • Identifying reportable accounts
  • Customer identification and classification process
  • Critical categories of customers and counterparties
  • Due diligence process (documentation, evidence, retention, self certification, aggregation, change of circumstances)
  • The purpose of the Rulemap and their general impacts 
 
Best practices in working with and complying with AEI requirements
 
  • Governance; roles & responsibilities
  • Reporting solutions considerations
  • Key parameters for decision making
  • Business model consideration
  • Data standards and importance of reference data
  • Project setup, milestones, attention points
  • Controls over CRS Reporting
  • Reconciliation 

 

Key success factor for delivering CRS and CRS implementation challenges

  • Governance
  • IT infrastructure
  • Data aggregation and
  • Reporting practices

A multiple choice test will be perfomed at the end of the course to consolidate and check participants' knowledge. 

4 p.m. - Course finish

The Course Director is a seasoned Programme/Project Manager and Business Architect with over the last 18 years experience within the Regulatory, Transformation, Reporting and Data warehouse arena working for Tier One banks like UBS, Deutsche Bank, JP Morgan, RBS, HSBC overseeing global programmes across North America, EMEA, Asia and Emerging Markets.   

With global experience working on projects like Big Bank Integrations, BCBS 239 Implementation, US FATCA, AEI, UK FATCA, Product & Financial Control, Payment Systems, Data Standards, KYC, AML and Cross Product Technology, he brings a wealth of knowledge with proven experience in areas of  design authority perspective, IT implementation, Design of Target Operating Model, Evaluation of RuleMaps  and Business Process Engineering.
CRS - Common Reporting Standard <p>The introduction of US FATCA in 2010 saw a clamp down on US citizens evading tax, an initiative that was to change the face of the fight on financial crime. It triggered similar actions on a global level and in particularly the introduction of Common Reporting Standard (CRS) by the OECD, a wider global tax transparency initiative.&nbsp;</p> <p>In February 2014, G20 finance ministers and governo ... 1499126400 London